Auction prices continue to hold strong, as highlighted by a recent auction hosted by Sexton Auctioneers in Pomona, Mo. Taking Machinery Pete’s Pick of the Week honors, a 1999 Bobcat 773 skid steer with 291 hours sold for $20,500, the highest auction price for this model in 20 months. The consignment auction also featured:
- 2026 Bobcat T770 with seven hours sold for $68,500.
- 1916 Luverne wrecker truck sold for $18,750.
The 1999 Bobcat 773 skid steer is a prime example of how low hours on a machine can help maintain its original market value. However, farmers and “bargain hunters” will still look at models with more hours. A Case IH Maxxum 140 with nearly 20,000 hours sold for what Machinery Pete describes as a “respectable price.”
“They have no fear of the hours as long as the purchase made sense,” says Casey Seymour, co-host of the Moving Iron podcast.
A sale hosted by Merit Auctions featuring equipment from three dealers highlights strong prices for late-model tractors:
- 2023 John Deere 9RX 540 with 390 hours sold for $440,000.
- 2023 Fendt 936 Vario with 700 hours sold for $268,000, the second highest sale price.
- 2023 Fendt 936 Vario with 800 hours sold for $266,000, the third highest sale price.
- 2024 John Deere 8R 410 with 600 hours sold for $372,000.
- 2024 John Deere 8R 410 with 1,499 hours sold for $318,000.
Historic Farm Days Auction to Showcase IH Black Stripe and JD 4000
Machinery Pete has his eye on an upcoming two-day consignment auction in Markleville, Ind. On May 8 and 9, Jeff Boone Auction & Realty will feature a variety of equipment, including a 1989 Case IH 7120 2WD tractor with 3,333 hours and a Boxcar Magnum 1989 7120 two-wheel drive with 3,333 hours.
In conjunction with the four-day Historic Farm Days in Penfield, Ill., Alex Kerr from Kerr Auction is organizing a “historic tractor auction” on July 9. The auction will highlight Allis-Chalmers equipment, but will feature all equipment types and brands, including an International Harvester 1066 Black Stripe and a John Deere 4000 diesel.
